Marsh & McLennan Companies, Inc. $MRSH Stock Sold by Focused Investors LLC

Focused Investors LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,000 shares of the financial services provider’s stock after selling 69,300 shares during the quarter. Marsh & McLennan Companies accounts for 2.4% of Focused Investors LLC’s portfolio, making the stock its 20th largest position. Focused Investors LLC owned approximately 0.07% of Marsh & McLennan Companies worth $57,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MRSH. Eads & Heald Wealth Management lifted its stake in Marsh & McLennan Companies by 7.4% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,166 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of Marsh & McLennan Companies in the third quarter worth $246,000. Capital Management Corp VA increased its stake in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Capital Management Corp VA now owns 41,161 shares of the financial services provider’s stock worth $7,027,000 after acquiring an additional 815 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Marsh & McLennan Companies during the third quarter worth $20,477,000. Finally, Profund Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 10.1% during the third quarter. Profund Advisors LLC now owns 4,445 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 406 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,215 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the transaction, the vice president owned 2,705 shares of the company’s stock, valued at $541,000. This represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $838,800.00. Following the completion of the sale, the chief executive officer directly owned 20,935 shares in the company, valued at $4,187,000. This represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MRSH. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $216.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $215.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Evercore decreased their price objective on Marsh & McLennan Companies from $234.00 to $224.00 in a report on Thursday, October 8th. Citigroup upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Finally, Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $205.84.

View Our Latest Stock Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $203.53 on Wednesday. The company has a fifty day moving average of $182.82. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $206.49. The firm has a market cap of $96.78 billion, a PE ratio of 19.75, a P/E/G ratio of 2.78 and a beta of 0.53. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27.

Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $6.86 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.9%. Marsh & McLennan Companies’s payout ratio is currently 47.37%.

About Marsh & McLennan Companies

(Free Report)

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.

See Also

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MRSH)

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